[The policy of Apartheid, the Africaans [sic] word for “separate development", restricts political, social, and economic rights of the majority of the South African population.]
by Betty Houston, Southern Africa Working Group
Davis, California, United States
December 1, 1978
The mailing says the policy of Apartheid, the Africaans word for “separate development", restricts political, social, and economic rights of the majority of the South African population; American business and banking investments directly and indirectly support the economy of South Africa which is based on this unjust, yet legally sanctioned system of racial discrimination; as investors of these companies and banks, we gain profit from the oppression of others; in recondition of the ramifications of our economic connections, we have a moral obligation to examine the nature of our investments; the Southern Africa Working Group has prepared a report which provides information on banks in the Davis-Sacramento area relative to the South Africa issue; the following list of banks is a breakdown of the involved and apparently uninvolved banks in the area and was formed on the basis of our survey. The mailing says although several banks did not respond, we know from a reliable source ($top Banking on Apartheid, 2160 Lake Street, S.F.) that Cache Creek, Farmers Merchant, River City, and Central are uninvolved whereas Sumitomo and Union banks are involved; we recommend the withdrawal of monies from those banks which have direct connections in South Africa and refuse to alter their investment policy on this issue; we advise people to share their concerns with bank officials. In addition to withdrawing, we suggest that people continue to examine and to alter other business connections to the Republic of South Africa. American National Bank, Bank of Alex Brown, Bank of California, California Canadian Bank, Capitol Bank of Commerce, First National Bank of Dixon, Golden State Sanwa Bank, Hong Kong Bank of California, Lloyds Bank of California, Cache Creek Bank, California First Bank, Central Bank of North America, Farmers Merchant Bank, River City Bank, The Sumitomo Bank of California, Union Bank, Bank of America, Crocker National Bank, Security Pacific Bank, United Bank of California, Wells Fargo Bank, Afrikaans, S.F. (San Francisco), and Stop Banking on Apartheid.
Collection: Miloanne Hecathorn papers